The architecture Apple uses in its A10 processor now belongs to a Japanese bank.
The same bank that bought Sprint.
Softbank confirms $32B acquisition of U.K.-based chipmaker ARM to target ‘Internet of Things’
Japanese telecom giant SoftBank has confirmed earlier rumors that it planned to acquire U.K.-based semiconductor chip-maker ARM Holdings (ARM) in a £24.3 billion ($32 billion) cash deal.
This deal represents Softbank’s biggest acquisition since the $21.3 billion buyout of U.S. telecoms company Sprint, and the biggest-ever acquisition of a European tech company.
Founded out of Cambridge, U.K., in 1990, ARM powers the processors in most of the world’s smartphones, including iPhones, and with its low power-consumption and cost the company is also pushing hard into the burgeoning Internet of Things (IoT) industry.
ARM, originally called Advanced RISC Machines before switching to its acronym in 1998, was a joint venture between Apple, VLSI Technology, and Acorn Computers, and was chosen by Apple for use in its Newton PDA device, which was a flop.